Pep Boys 2012 Annual Report Download - page 33

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29
Potential Payments Upon Termination or Change of Control
The following table shows information regarding the payments and benefits that each named executive officer
would have received under his Non-Competition Agreement assuming that he was terminated without cause as of
February 2, 2013.
Name
Cash Payment
($)
Michael R. Odell 830,000
David R. Stern 400,000
Scott A. Webb 459,000
Joseph A. Cirelli 315,020
Thomas J. Carey 350,000
The following table shows information regarding the payments and benefits that each named executive officer
would have received under his Change of Control Agreement assuming that he was terminated immediately upon a
change of control as of February 2, 2013.
Name
2X
Base
Salary
($)
2X
Target
Bonus
($)
2X
Health
and
Welfare
Benefits
($)
Value of
Accelerated
Vesting of
Outstanding
Equity Awards
($)(a)
Total
($)
Michael R. Odell 1,660,000 1,660,000 62,021 1,994,337 5,376,358
David R. Stern 800,000 600,000 19,280 221,973 1,641,253
Scott A. Webb 918,000 688,500 42,932 423,628 2,073,060
Joseph A. Cirelli 630,000 283,500 10,505 226,270 1,150,275
Thomas J. Carey 700,000 315,000 19,346 83,324 1,117,670
(a) Represents the value of the accelerated vesting of all “in the money” stock options and RSUs at the closing
price of a share of PBY Stock on February 2, 2013 ($11.01).